Markel makes $3bn acquisition

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The deal will be completed in the first half of 2013, after which two Alterra directors will transfer to the Markel board.

William Stovin, president and COO of Markel International, the Markel’s London-based subsidiary, said: “This is a major strategic step for the group, building on a number of earlier acquisitions we have made, including those in Canada, the Netherlands, Germany, Sweden and France.

“We are looking forward to working with the Alterra team to continue the development of their

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